Sayenko Kharenko, working with Hogan Lovells, has advised the International Finance Corporation on two risk-sharing facilities for Raiffeisen Bank Ukraine totaling approximately USD 210 million equivalent, one of which IFC cooperated on with the US International Development Finance Corporation. Redcliffe Partners and Mayer Brown reportedly advised the DFC.
According to Sayenko Kharenko, "the first risk-sharing facility is set to address the critical financing needs of small and medium enterprises in Ukraine, particularly in agribusiness, with up to USD 50 million shared equally between IFC and Raiffeisen Bank Ukraine. The second risk-sharing facility, totaling EUR 150 million, focuses on supporting larger corporates in Ukraine to grow their businesses, preserve and create jobs, and finance longer-term renewable energy generation and energy-efficiency projects crucial for bolstering Ukraine’s energy security. This risk-sharing facility comprises contributions of up to EUR 50 million from IFC and USD 50 million from the U.S. International Development Finance Corporation, marking the first direct cooperation between IFC and DFC to establish a risk-sharing facility."
The Sayenko Kharenko team included Partner Igor Lozenko, Senior Associate Oles Trachuk, and Paralegals Mykola Suprunovych and Danylo Dashko.
